Lucknow/ Bhopal/ Mumbai, Aug 29 (ANI): BJP leaders and cabinet ministers hailed the initiative of Prime Minister Narendra Modi to launch a scheme to ensure that the majority of households in his country of nearly 1.3 billion people have a bank account within months. If successful, the Jan Dhan Yojana could help mend strained state finances by better targeting billions of dollars in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking. Madhya Pradesh Chief Minister Shivraj Singh Chouhan praised the initiative saying through this scheme people would be able to save their money judiciously. Under the scheme, the government will give account holders a debit card and accident insurance cover of up to 100,000 rupees. Good customers would also be eligible for an overdraft facility of up to 5,000 Indian rupees after six months. Foreign Minister Sushma Swaraj said this could help break a link between poor public services and corruption. Home Minister Rajnath Singh said this would make people financially independent. Meanwhile, Power Minister Piyush Goyal said through this scheme the poor people will be able to participate in the economic development of the country.